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Fri 21 Apr 2006, 13:46 Investec Bank Limited - Investec variable strike w
JSE   RDFIVA
 INVS                                                                            
Investec Bank Limited - Investec variable strike warrant                        
Investec Bank Limited                                                           
Investec Variable Strike Warrant:  Adjustment to the Exercise Price as of       
21/04/2006                                                                      
   Share                               Redefine Income Fund Limited             
                                       (ISIN Code ZAE000048971)                 
   Initial Exercise Price per Share    R1.25                                    
Adjusted Exercise Price per Share   R0.42                                    
   New Adjusted Exercise Price per     R0.31                                    
   Share                                                                        
   Expiry Date                         18/09/2013                               
Conv. Ratio                         1:1                                      
   Call/Put                            Call                                     
   Style                               European                                 
   Issue Size                          25 Million                               
JSE Code                            RDFIVA                                   
As a result of the "Interest Distribution" an adjustment was made to the        
exercise price to ensure the financial position of the warrant holders is       
unprejudiced.  This adjustment was effective from 21 April 2006.  The warrant is
exercisable only in accordance with the terms and conditions as set out in the  
relevant offering circular.                                                     
Copies of the offering circular may be obtained from:                           
Investec Bank Limited                                                           
100 Grayston Drive                                                              
Sandown                                                                         
Sandton                                                                         
2196                                                                            
For further information contact:                                                
Investec Warrants                                                               
Tel.: 286-4742                                                                  
E-mail: warrants@investec.co.za                                                 
Internet: www.investecwarrants.com                                              
Sponsor                                                                         
Investec Securities Limited                                                     
Member of the JSE                                                               
Registration number. 1972/008905/06)                                            
Date: 21/04/2006 01:46:08 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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